Asiamet Resources Share Discussion Threads

[dorset64] 04/9/2017 14:52

What ever the reason, hopefully this time we can kiss 5p good bye at long last!

[ntbb] 04/9/2017 14:44

Hello hb, how r you? Hope all is well for you, it's really nice to see you here

[maverick247] 04/9/2017 14:39

Someone on twitter has screen shotted a chat on ceo.ca with ex tigers realm guy who says license grantedTake from that what you will but the guy seems credibleMay not be rns'd yet but its causing a stir!Rumour until proven otherwise, what a bit of news though if it lands!!!

[mr roper] 04/9/2017 14:38

Hi Gary, thought you read it on a wire this morning. Edit. I see kazakh copper now mentioned.

Yorkie, I see someone on lse is saying that it's been awarded. Volume should tell us

[yorkie14] 04/9/2017 14:21

Do we think licence is about to drop, alot of buying going on!....

[gary1966] 04/9/2017 11:29

Mr Roper,

Nothing in the CAML announcement tells shareholders whether they are the buyers or are being bought. If you have more info given your assumption I would be very grateful if you could post it on the CAML thread.

Sorry for the O/T.

Gary

[mr roper] 04/9/2017 10:59

Agree, think kas has approx 2.5bn bucks though

[horneblower] 04/9/2017 10:58

A big chunk of debt is par for the course in early stage mining.
ARS is hoping to have a big chunk of debt in order to go into production.

[mr roper] 04/9/2017 10:51

Yes, would agree on the political risk, hb. Has a big chunk of debt as well.

[horneblower] 04/9/2017 10:50

KAZ is, as you say, a beast.
It's chart suggests a target of £24, over 2.5 times the current price.
Similar political risk to ARS?

[mr roper] 04/9/2017 10:07

Agree, MT.pity it's suspended. Will be interesting to see what shape it comes back in. Kaz,caml and ars look to be the best 3 for copper and all at varying stages of the life cycle.

All this quiet on the ars front. I'm starting to think TM and PB have hit Vegas with the cash raised lol

[mount teide] 04/9/2017 09:56

CAML has a C1 cash cost of $0.46/lb($1.06 fully inclusive), circa $41m of cash, no debt and, is throwing off cash like the Bank of England's printing press at the current price of copper!

[mr roper] 04/9/2017 09:51

Kaz is a beast, Charles.serious operating leverage.

[mr roper] 04/9/2017 09:44

Kaz is a beast, Charles.serious operating leverage.

[charles clore] 04/9/2017 09:43

That's almost like running on air, Mr R!

[mr roper] 04/9/2017 09:33

0.64c/lb I think

[cyberbub] 04/9/2017 09:19

Do KAZ have a very low production cost then?

[charles clore] 04/9/2017 09:15

20p would be more like it at this stage imho

[mr roper] 04/9/2017 09:05

Sure, but at kazs cost of production we'd need to be done 550k pa. Can't see it for a long long time

[amaretto] 04/9/2017 09:02

Kaz have 446m shares in issue. If we raise £40-£50 million at 12p and go to 1.3 billion then we'd have three times the numbers of shares so one third the share price.

That would still put us at about £2.50-£3.00 which I could most certainly live with.

[mr roper] 04/9/2017 08:50

250k pa I think. They are super low cost producer though. Not sure the comparison will be relevant here for at least 5 years

[cyberbub] 04/9/2017 08:50

Over 200K tons, so several times our target volume... still, Kaz's market cap is approaching £4.5bn :-)All depends on what Kaz's all-in cost is, but I doubt it will be much lower than ours?

[cyberbub] 04/9/2017 08:46

What production volume do KAZ have?

[mr roper] 04/9/2017 08:32

If it hits 800p like kaz I'll be pretty happy, hb :0)

[horneblower] 04/9/2017 08:28

I like the comparison with KAZ who are about three years ahead of us in production.